In a significant development, Asian Life Insurance Company Limited (ALICL) has listed 24,45,357.9 bonus shares on the Nepal Stock Exchange (NEPSE). This move follows the company’s 16th Annual General Meeting held on 18th Falgun, 2080, where it endorsed an 8.1578% dividend for the fiscal year 2079/80.
During the 188th meeting of the board of directors held on Magh 12, it was decided to distribute 7.75% bonus shares along with a 0.4078% cash dividend, primarily for tax purposes. The bonus shares are valued at Rs. 24.45 crores, while the cash dividend amounts to a little over Rs. 1.28 crores.
Now, investors can trade these bonus shares on NEPSE, adding another avenue for investment in ALICL. As of the latest update, the Last Traded Price (LTP) of ALICL stands at Rs. 550.00.
This listing marks a significant milestone for ALICL, providing shareholders with additional opportunities for growth and investment diversification. Investors can now capitalize on this development to enhance their investment portfolios and potentially reap the benefits of ALICL’s performance.